Quoted from Kompas.com (26/11/2021) The Director General of Domestic Trade at the Ministry of Trade, Oke Nurwan, said that the increase in cooking oil prices was due to the sharp rise in international prices.
In addition, the factor that caused the price of oil in Indonesia to be expensive was the decline in palm oil harvests in the second semester. So, he said, the supply of CPO was limited and caused disruption to the distribution chain (supply chain) of the cooking oil industry.
Another cause that causes the price of cooking oil to rise is the increase in demand for CPO for the fulfillment of the biodiesel industry in line with the implementation of the B30 policy.
Another factor is logistical disruptions during the Covid-19 pandemic, such as the reduced number of containers and ships.
